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Acreage Prices

Shale Play Land Deal Prices Hit New Highs in 2011

by Kenneth E. DuBose on January 2, 2012

The price to play the shale play game increased at a brisk pace in 2011. Prices in the Eagle Ford Shale and Utica Shale  went to levels not seen before 2011. Typical Eagle Ford Shale deals were hopping along at a few thousand dollars per acre until Chesapeake and CNOOC reached a JV agreement in the […]

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Hess Acquires Marquette Exploration’s Ohio Utica Shale Acreage

by Kenneth E. DuBose on September 15, 2011

Hess announced the acquisition of 85,000 net acres in Ohio’s Utica Shale from Marquette Exploration for $750 million. For those keeping track, that’s over $8,800 per acre in counties that border Pennsylvania in east-central Ohio. This announcement is on the heals of a joint-venture with Consol Energy that gave the company 100,000 net acres for […]

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Hess – CONSOL Energy Enter Utica Shale JV

by Kenneth E. DuBose on September 7, 2011

Hess and Consol Energy have entered a joint venture (JV) in the Utica Shale of eastern Ohio in a deal worth $593 million. Hess will pay Consol $59 million upfront and then carry drilling costs up to $534 million over the next five years for a 50% interest in almost 200,000 acres in East Ohio. […]

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